Cathay Pacific 2000 Annual Report Download - page 81

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CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 2000 79
Glossary
Terms
Borrowings Total borrowings (loans and lease obligations) less security deposits,
notes and zero coupon bonds.
Net borrowings Borrowings and bank overdrafts less liquid funds.
Available tonne Overall capacity, measured in tonnes available for the carriage of
kilometres (“ATK”) passengers, excess baggage, cargo and mail on each sector multiplied
by the sector distance.
Available seat Passenger seat capacity, measured in seats available for the carriage
kilometres (“ASK”) of passengers on each sector multiplied by the sector distance.
Revenue tonne Traffic volume, measured in load tonnes as a result of the carriage
kilometres (“RTK”) of passengers, excess baggage, cargo and mail on each sector
multiplied by the sector distance.
On-time performance Departure within 15 minutes of scheduled departure time.
EBITDA Earnings before interest, tax, depreciation and amortisation.
Ratios
Profit/(loss) attributable to shareholders
Earnings/(loss) per share = Weighted average number of shares (by days) in issue for the year
Shareholders’ funds
Shareholders’ funds =
per share Total issued and fully paid shares at end of the year
Profit/(loss) attributable to shareholders
Profit/(loss) margin = Turnover
Profit/(loss) attributable to shareholders
Return on average =
shareholders’ funds Average shareholders’ funds
Borrowings
Gross debt/equity ratio = Shareholders’ funds
Net borrowings
Net debt/equity ratio = Shareholders’ funds
Total passenger, cargo and mail traffic revenue
Revenue load factor = Maximum possible revenue at current yields and capacity
Revenue passenger kilometres/Cargo and mail tonne kilometres
Passenger/Cargo and =
mail load factor Available seat kilometres/Available cargo and mail tonne kilometres
Passenger turnover/Cargo and mail turnover
Passenger/Cargo and =
mail yield Revenue passenger kilometres/Cargo and mail tonne kilometres
Total operating expenses of Cathay Pacific
Cost per ATK = ATK of Cathay Pacific